oil supply | Egypt Oil & Gas - Part 2
GCC Countries Cooperating to Stabilize Oil Market
Arabian Gulf countries are working to strengthen their coordination in supplying crude oil to global markets, especially amidst increased regional tensions, according to Khalid Al-Jarallah, Kuwait’s Deputy Foreign Min...
Aramco to Boost Oil Supply to Europe
Saudi Aramco plans to expand its trading operations in Europe by increasing oil supply by 300,000 barrels per day (b/d) over the next two years, according to a senior company executive. “I am going to bet on Europe...
OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister
OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated, according to the Arab Tim...
Oil Shortage Might Lead to Investments, Discoveries Decline
The world might face an oil supply shortage following a steep drop in investments and a scarcity of fresh conventional discoveries, Saudi Aramco’s CEO, Amin Nasser, said, according to Reuters. Although unconvent...
OPEC will not Rush into Further Output Cuts
OPEC delegates said that OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits, although a meeting in Russia in July is likely to consider further steps to...
OPEC, Russia Shielding Asia from Supply Cuts
The Organization of the Petroleum Exporting Countries (OPEC) and Russia are shielding Asia from supply cuts agreed in a landmark deal in 2016 as they fight to protect their share of the world’s biggest and faste...
Zimbabwe to Import Fuel for High Demand Season
The Reserve Bank of Zimbabwe (RBZ) has signed a deal with local petroleum giant, Sakunda Holdings, for the importation and supply of fuel in the country, Ecofin Agency informed. Under the deal, which became effective ...
OPEC Output at Record High in June
The Organization of the Petroleum Exporting Countries’ (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply, according to a Reuters sur...
